The Week: America Doesn’t Have a Wealth Tax. The Supreme Court Might Kill It Anyway.
media mentionRemember the wealth tax? It was a centerpiece of Sen. Elizabeth Warren’s 2020 presidential campaign, but the proposal — like her candidacy — didn’t end up going anywhere. But just because America doesn’t actually have a wealth tax doesn’t mean the Supreme Court can’t rule it out of bounds. It just might do so, The Associated Press reported, in a new case “backed by business and conservative political interests.”